Lagos Chamber of Commerce and Industry, LCCI, has described fuel subsidy which the World Bank said cost Nigeria N731 billion in 2018, as the biggest fiscal burden currently staring the nation’s economy in the face.

The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday decried alleged involvement of several units of the Nigeria Customs Service in cargo interception and clearance processes at Lagos ports, urging Federal Government’s urgent intervention.

The Lagos Chamber of Commerce and Industry, LCCI, yesterday   called on the federal government to reduce the burden of excessive taxation on oil and gas investment in the country.   

The Lagos Chamber of Commerce and Industry, LCCI, yesterday, countered the move by the Federal Inland Revenue Service (FIRS) to restrain bank accounts of some individuals and businesses over tax defaults.

The Lagos Chamber of Commerce and Industry, LCCI, yesterday, argued that import levy of 50 percent on new vehicles should be reduced to 15 percent.

The Lagos Chamber of Commerce and Industry (LCCI) says the World Bank needs to review the indicators for composition of the Ease of Doing Business Index to reflect the reality of each country.

The  Lagos  Chamber  of  Commerce and Industry, LCCI, yesterday said the Nigerian economy remained fragile with the high dependence on oil sector for revenue and foreign exchange earnings.

The Lagos Chamber of Commerce and Industry (LCCI), yesterday reaffirmed that it has remained resolute in promoting policies that support private sector development and the general progress of the economy. Disclosing this at the  presentation of the LCCI  2018 Annual General Meeting report, the President of LCCI, Mr. Babatunde Ruwase, said  the outgoing year was characterised by numerous opportunities, achievements and challenges, but in all, it has been a very eventful year for the chamber.

The Lagos Chamber of Commerce and Industry, LCCI, Tuesday, said it is set to hold a graduation ceremony for 49 young entrepreneurs who have successfully participated and completed the 2018 edition of its annual Mentoring Programme.

The Lagos Chamber of Commerce and Industry, LCCI, Tuesday, said it is set to hold a graduation ceremony for 49 young entrepreneurs who have successfully participated and completed the 2018 edition of its annual Mentoring Programme.

THE Lagos Chamber of Commerce and Industry (LCCI) said if a strong gender perspective is integrated into planning and implementation processes, tourism can be harnessed as a vehicle for promoting gender equality and women’s empowerment at the household, community, national and global levels.

The Lagos Chamber of Commerce and Industry (LCCI) on Thursday decried freezing of customers’ bank accounts based on “disputed tax assessments’’ by Federal Internal Revenue Service.

The Lagos Chamber of Commerce and Industry (LCCI) says the 13 per cent revenue derivations principle applied to oil producing areas should be extended to states hosting the nation’s ports.

The Lagos Chamber of Commerce and Industry, LCCI, yesterday, called for fine-tuning of some aspects of the Company and Allied Matters Act (CAMA) that was recently reviewed by the Senate in order to realize the desired result on the economy.

The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of import duty and Customs administration as part of the ongoing tax reform towards enhancing ease of doing business in the country.